LCDS, Norway pact can lead to a green economy – former presidential advisor


first_imgGIPEX 2018 summit…underscores importance to emerging oil and gas sectorsBy Samuel SukhnandanFormer Presidential Adviser on the Environment, Shyam Nokta, speaking at the panel “How can oil and gas support the Model Green State” at GIPEX 2018, indicated that, since 2010, Guyana had started the process towards a green economy through the Low Carbon Development Strategy (LCDS), which was supported by the Kingdom of Norway.He emphasised that the model was built on innovation, where, for the first time, forest climate services were monetised and a mechanism for payments was developed and implemented, and this had seen Guyana receiving close to US$200 million as payment for forest climate services.Nokta pointed out that the innovation showed by Guyana and Norway and the lessons learned have been valuable in helping other forest countries which are pursuing reducing emissions from deforestation and forest degradation (REDD+), and shaping elements of the Paris Agreement.He indicated that Guyana needed to build on the LCDS and to continue the Norway partnership, even as the country looks forward to an oil and gas industry.Nokta, Chief Executive Officer (CEO) of the Environmental Management Consultants, pointed out that the two concepts are not mutually exclusive, but rather could be mutually supportive.In this regard, he emphasised that the sustainability of a green economy would hinge on a diversified economy and energy mix, and oil and gas revenue can serve as a catalyst.He further emphasised that there is urgent need for the national development framework to be put in place to facilitate this, and he highlighted the critical important of national participation and involvement of all stakeholders.The panel was chaired by former Presidential Adviser Rear Admiral (retd) Gary Best; and included Dr. David Singh, Director of Conservation International Guyana, Ndibi Schwiers, Head of the Department of Environment in the Ministry of the Presidency, and James Ellsmor, CEO of Solar Head of State, a US-based energy company.Minister of State, Joseph Harmon, told the National Assembly last year that the innovative forest conservation for money Norway-Guyana deal is “well and alive”, but will be redirected to a number of different viable projects.Harmon announced that the Kingdom of Norway had agreed to release US$14 million for a sustainable land development and management project. In addition to that, to that, some US$17 million would be released for several Information and Communications Technology (ICT) projects, while funding for the Amerindian Fund and Amerindian Land Titling project is ongoing.According to Harmon, Norway has also extended to December 2021 the Guyana REDD+ Investment Fund (GRIF) Trustee Account that ended in December 2016. He said 285 grants and 120 loans have been approved under the Micro and Small Enterprise Project, as against the previous two-year figures.The release of these funds forms part of the US$80 million which were earmarked for the Amaila Falls Hydro Project. However, the Government has made its intention known that it does not wish to proceed with Amaila. Instead, the funds will now be channelled to a number of different ‘clean energy’ initiatives.The LCDS has been the brainchild of former President Bharrat Jagdeo, who introduced the revolutionary strategy in 2009, the updated version of which was confirmed in 2013.Government recently announced plans to launch the Green State Development Strategy, which is expected to replace the LCDS.last_img read more

India name unchanged 12-man squad for 2nd ODI against West Indies


first_imgIndia have announced an unchanged 12-man squad for the second ODI against the Windies which will be played on Wednesday (October 24).India won the first match in Guwahati on Sunday as they comfortably beat the Windies by 8 wickets at the Baraspara Cricket Stadium to take a 1-0 lead in the five-match series.The Indian team management has decided not to tinker with the winning combination and named the same set of players for the next game which will be played in Visakhapatnam. The final XI however, will be announced by captain Virat Kohli at the toss.Team India for 2nd ODI, Visakhapatnam – Virat Kohli (C), Shikhar Dhawan, Rohit Sharma, Ambati Rayudu, Rishabh Pant, MS Dhoni (WK), Ravindra Jadeja, Kuldeep Yadav, Yuzvendra Chahal, Umesh Yadav, Mohammad Shami, Khaleel Ahmed #TeamIndia #INDvWIBCCI (@BCCI) October 23, 2018The last game saw Kohli leading from the front and along with vice-captain Rohit Sharma, helped India gun down a target of 323 with 47 balls to spare.Rohit (152*) and Kohli (140) both scored centuries as India romped home with 47 balls left to spare. Rohit and India’s new No.4 Ambati Rayudu (22*) remained unbeaten to end the game a tad early than many would have expected.The loss would remind West Indies that maybe 322 is not the problem but it is the bowling that needs to fire against an Indian team that shows no mercy to average bowling.Kohli and Rohit broke a hoard of records along the way.The hundred was Kohli’s fourth in ODIs in 2018. He had earlier smashed three centuries against South Africa in January.advertisementWith the century, he reached the landmark of 60 international hundreds (36 in ODIs and 24 in Tests) and became the fastest to do so. He reached the landmark in 386 innings, taking 40 innings fewer than Sachin Tendulkar.It was also Kohli’s 22nd hundred while chasing a target in ODI cricket. He now has 14 centuries as a captain in ODIs and is second in the list behind Ricky Ponting, who has 22 while leading the side.The KING is here!This ground and the city of Visakhapatnam has a special bond. Memories aplenty. Let’s create plenty more tomorrow. #TeamIndia #INDvWI pic.twitter.com/WfTSMvQh7x BCCI (@BCCI) October 23, 2018Rohit on the other hand, became the fourth Indian to score four ODI centuries. Before him, Sachin Tendulkar, Sourav Ganguly and Kohli reached the landmark in ODI cricket.Not only that, Rohit also overtook Ganguly in the list of most sixes in ODI cricket.Kohli and Rohit also recorded the highest partnership while batting second in ODIs and was also the second-highest second wicket partnership in ODIs.This was the fourth time Kohli and Rohit scored centuries in the same match in ODI cricket.While India will be hoping to continue this run, West Indies will look to find answers to their woes ahead of the second ODI at the Dr. Y.S. Rajasekhara Reddy ACA-VDCA Cricket Stadium in Visakhapatnam on Wednesday.India 12-man squad: Shikhar Dhawan, Rohit Sharma, Virat Kohli, Ambati Rayudu, Rishabh Pant, MS Dhoni, Ravindra Jadeja, Kuldeep Yadav, Yuzvendra Chahal, Umesh Yadav, Mohammed Shami, Khaleel Ahmed (12th man).last_img read more